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XRP Price Could Be Gearing Up for a Rally to $1.70

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Ahmed Barakat

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Ahmed Barakat

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Mar 2024

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.


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XRP price is at $1.40 today, which gave its daily indicator setup a neutral score of 4.7 out of 10. The token is only $0.02 above nearby support at $1.38, while the $1.50–$1.53 area is the hurdle buyers must reclaim before higher levels come into play.

That leaves little room for conviction in either direction: a close above $1.53 could bring $1.62 and potentially $1.66–$1.70 into focus, while losing $1.38 would shift attention lower. The analysis’s stance is to wait for clearer confirmation, a view consistent with the mixed signals in the XRP support and resistance setup.

The longer-term chart still has a constructive element: XRP price is trading above its 200-day EMA of $1.28. But that does not establish that buyers control the near-term trend. The 20-day EMA is at $1.46, above the $1.40 price, and the 50-day EMA is at $1.40, leaving the short-term picture less supportive.

XRP USD, Tradingview

Momentum readings also fail to confirm a recovery. The daily RSI is 44, below its 50 midpoint but not in oversold territory, while the MACD line at 0.008184 is below its 0.027457 signal line, and the histogram is negative at -0.019274. These readings point to weakening momentum.

On-balance volume is falling, which is weakening accumulation and a warning that rallies may lack participation. The indicator scorecard reflects that split: moving averages, Fibonacci, and support receive bullish scores, while Bollinger Bands, resistance, the trendline, MACD, and OBV are rated bearish.

Supply adds context, but not a directional verdict. U.S. spot XRP ETFs had attracted about $307.9 million in Q3, while also describing rising exchange deposits as potential sell-side liquidity rather than confirmed sales. Demand and available supply can coexist, so those figures do not establish that buyers have absorbed enough tokens to break resistance.

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XRP Price Support and Resistance: The Levels That Change the Setup

The immediate floor is $1.38. Below it, the primary analysis maps support at $1.31, then $1.25 and $1.12; its trade framework also identifies $1.34 as a Fibonacci reference. The 200-day EMA at $1.28 sits between the $1.31 and $1.25 zones, making it another structural level to monitor if selling extends.

Overhead, $1.50 and the ascending trendline near $1.51 form the first reclaim zone, with $1.53 the more decisive breakout threshold in the supplied summary. The Bollinger lower band was $1.39, the midline $1.49, and the upper band $1.59, placing the $1.40 price near the lower edge of that range. The primary analysis also lists resistance at $1.66 before the prior swing high at $1.70.

Level Role in the setup Conditional implication
$1.38 Nearest support A decisive loss puts lower support zones in view.
$1.50–$1.53 Reclaim and breakout area A confirmed close above $1.53 improves the upside case.
$1.62 Potential next objective Relevant only if the breakout is confirmed.
$1.66–$1.70 Higher resistance and prior swing high Potential supply zone, not a guaranteed target.

One Fibonacci detail needs qualification: the analysis gives the 61.8% retracement as $1.43, but XRP at $1.40 is below that level, not above it. It places the 50% retracement at $1.34, and the 38.2% level at $1.26, broadly framing the lower areas traders may watch if support fails.

A separate XRP range-breakout setup also emphasizes that a move through resistance or a clean support loss matters more than signals generated inside the range.

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Reclaim, Range Hold, or Breakdown?

A confirmed close above $1.53 would strengthen the XRP price breakout case and could put $1.62 in view, followed by the $1.66–$1.70 resistance zone. Those are conditional technical objectives, not a forecast that XRP will reach them; the source’s emphasis on waiting for directional confirmation remains relevant.

If price instead rejects $1.50–$1.53, the immediate test is whether $1.38 holds. A decisive break below that support would expose $1.31–$1.34 first and $1.25 next, with the $1.28 200-day EMA also on the map. Until one boundary gives way, the neutral reading is more defensible than treating either move as underway.

For now, XRP’s longer-term position above the 200-day EMA is counterbalanced by sub-50 RSI, a bearish MACD configuration, and falling OBV. That combination does not settle the next move. It leaves $1.38 support and the $1.50–$1.53 reclaim zone as the clearest decision points.

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